Barrick Gold Corp. Mining News

Barrick mulls selling Zambia copper mine over higher taxes

While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.

Barrick Gold's new CEO dismisses Canada HQ debate as `hysteria'

The debate is over whether the world’s largest gold miner will remain a Canadian company.

Mining titan and philanthropist Peter Munk’s lifetime of achievement

The iconic entrepreneur and founder of gold mining giant Barrick Gold has donated $300 million to institutions in Canada.

London's streets no longer paved with gold as miners struggle

Reports that AngloGold Ashanti Ltd. is considering a London listing provides some festive cheer to a city that’s lost its way as a home for gold miners.

Barrick Gold cuts jobs, director Munk to step down – Globe and Mail

The laying off of nearly 95 employees comes as the Toronto-based company expects to complete its purchase of Randgold Resources on Jan. 1.

Zambia tax hike to make most mines unprofitable, group says

The effective tax rate will range from 86% to 105%, with about 27,900 jobs at risk - Zambia Chamber of Mines.

As global equities take a hit, gold miners are doing fine

Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold’s appeal firming.

This odd couple plots to save $100B gold mining business

“This is now Mark Bristow’s company and I think John knows that.”

Barrick is said to move closer to resolving Acacia dispute

A deal would be a major victory for Bristow as he prepares to take the helm of Barrick in January

Gold investors target executives with less skin in the game

A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game.

New Barrick CEO eyes miners' alliance to fix Tanzania tax row

The alliance strategy saw little success in the Congo.

Barrick chairman says miner eyes nimble future after Randgold deal

Barrick Gold shareholders "overwhelmingly" approved its all-stock acquisition of Africa-focused Randgold Resources.

Barrick favors taking back control of Acacia Mining

No final decision has been made, and it’s also not clear whether all three of Acacia’s Tanzanian gold mines will be brought back into Barrick.

Barrick-Randgold deal breathes new life into gold

Toronto-based Barrick announced it would purchase Randgold for a spectacular $6 billion.

Barrick Gold seeks Chinese partners, may slash headcount: Globe

The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.

Barrick says copper operation in Saudi Arabia not affected by diplomatic dispute

The Canadian miner said it has a strong relationship with partner Ma’aden.

Alaskans asked for feedback on one of the world’s largest gold projects

The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans.

Antofagasta announces first mine to use 100% renewable energy

Zaldívar signed a new power plant supply agreement with Colbún to produce copper with 100% renewable energy.

Canada's Barrick, China's Shandong Gold to deepen ties, look at acquisitions

Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.

Zambia aiming for power prices that reflect costs by end 2018

The new measure will affect global mining firms including First Quantum Minerals, Glencore, Barrick Gold Corp and Vedanta Resources which currently pay a flat rate of 9.30 cents/kWh.

Commodities are flashing a once-in-a-generation buy signal

Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices.

Argentinian secretaries to jail for Veladero spill

The officials are accused of abuse of power in the case of the 2015 cyanide spill at Barrick Gold's Veladero mine.

Dominican province demands 5% of Barrick’s royalty payments

Residents say the federal government is not fulfilling its commitment to the city.

Barrick Gold cuts 2017 compensation for top two executives

The decision was made to reflect a challenging "shareholder experience" and operations at some mines.

Barrick Gold yet to feel the heat in Zambian tax crackdown

The Toronto-based company, which operates the Lumwana mine, hasn’t received any notifications from the tax authority.